IDBI Bank re-categorised as private sector bank..

I had written on this interesting history of IDBI as a Development Financial Institution which started in 1964.

In 1990s, IDBI started a new bank as part of Govt/RBI policy to open new private banks. Then in 2005, IDBI Bank merged into IDBI and became a commercial bank. Thus, it came back into public sector.

Post LIC’s acquisition of IDBI Bank, it is back into private sector.

 

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